Saudi finmin says PIF policy is based on medium to long-term investments

Reuters Staff

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DUBAI, Dec 18 (Reuters) - Saudi finance minister Mohammed al-Jadaan said on Tuesday the policy of the country's sovereign fund, Public Investment Fund (PIF), is based on medium to long-term investments, and it did not contribute revenues to 2018 and 2019 budgets.

PIF, which is chaired by Crown Prince Mohammed bin Salman, manages over $250 billion in assets including stakes in Uber Technologies.